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Senator Richard Blumenthal is investigating about $6.3m in payments from Tether to Nxum, a consultancy co-founded by former White House crypto adviser Bo Hines, who holds a third of it. In a 22 October letter to Tether CEO Paolo Ardoino, he sought contracts, crypto payment records, wallet addresses and communications.
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The Wall Street Journal reported Tether paid over $6m to Nxum, a consultancy co-founded by former White House crypto adviser Bo Hines. Senator Richard Blumenthal has written to Tether and Nxum seeking details, and now seeks contracts, payment records, wallet addresses and communications over about $6.3m in payments.
The Wall Street Journal, citing internal documents, messages and payment records, says Tether paid more than $6m to Nxum, a consultancy co-founded and part-owned by former White House crypto adviser Bo Hines, while he pushed the GENIUS Act. Hines left in August and became CEO of Tether's US stablecoin business in September, raising conflict-of-interest questions.
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US Senator Richard Blumenthal has written to Tether and Nxum Group, a consulting firm co-founded by former White House crypto adviser Bo Hines, seeking details of alleged payments from Tether to Nxum. Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, called the alleged arrangements highly unusual in a letter to Tether CEO Paolo Ardoino.
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Senator Richard Blumenthal is investigating about $6.3m in payments from Tether to Nxum, a consultancy co-founded by former White House crypto adviser Bo Hines, who holds a third of it. In a 22 October letter to Tether CEO Paolo Ardoino, he sought contracts, crypto payment records, wallet addresses and communications.
StablecoinsChainCatcherAIBearish
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